Central Bank of Chile Chile`s average per capita GDP growth of 4.1
... Considering the full 1820-2005 period, Chile’s relative GDP ended up in 2005 at a similar or slightly lower level than in 1820, in comparison to the five currently industrialized countries (Australia, Japan, Spain, the US, and the UK), improving only relative to Mexico. This may be representative of ...
... Considering the full 1820-2005 period, Chile’s relative GDP ended up in 2005 at a similar or slightly lower level than in 1820, in comparison to the five currently industrialized countries (Australia, Japan, Spain, the US, and the UK), improving only relative to Mexico. This may be representative of ...
Burnside and Dolar (2000) analyses the relationship among
... In this paper we show that, opposite to the democratization hypothesis, foreign aid has a negative impact on the democratic stance of developing countries, and on economic growth by reducing investment and increasing government consumption. Therefore, our empirical findings do not support the democr ...
... In this paper we show that, opposite to the democratization hypothesis, foreign aid has a negative impact on the democratic stance of developing countries, and on economic growth by reducing investment and increasing government consumption. Therefore, our empirical findings do not support the democr ...
View/Open
... Shift-share analysis is used to examine the growth rate of a given region relative to some base economy, usually the nation. If the shift-share of the ith region is positive (negative) then the region grew at a rate faster (slower) than nation. Shift-share disaggregates growth into two major compone ...
... Shift-share analysis is used to examine the growth rate of a given region relative to some base economy, usually the nation. If the shift-share of the ith region is positive (negative) then the region grew at a rate faster (slower) than nation. Shift-share disaggregates growth into two major compone ...
Print this article - Journal of World
... globalization has had unequal effects among the world’s population, both within and between nations. And since the agenda-setting success of the “Battle of Seattle,” ‘globalization’ has become the unifier of diverse grass-root social movements in a string of large-scale protests when the WTO, IMF, or ...
... globalization has had unequal effects among the world’s population, both within and between nations. And since the agenda-setting success of the “Battle of Seattle,” ‘globalization’ has become the unifier of diverse grass-root social movements in a string of large-scale protests when the WTO, IMF, or ...
Services-led Growth: The Indian Experience
... stages of economic development, GDP growth in India since the mid-1990s has been driven primarily by services. The present paper examines (a) the demand and supply side factors behind India’s “Services Revolution”; and (b) the relative role of agriculture and industry vis-à-vis that of services in I ...
... stages of economic development, GDP growth in India since the mid-1990s has been driven primarily by services. The present paper examines (a) the demand and supply side factors behind India’s “Services Revolution”; and (b) the relative role of agriculture and industry vis-à-vis that of services in I ...
text hrs
... Effects of capital inflows, and particularly foreign direct investment (FDI), on domestic investment have been the subject of recent theoretical (e.g., Loungani and Razin (2001) and Razin and Sadka (2001)) and empirical literature (e.g., Borenzstein, de Gregorio, and Lee (1998) and Bosworth and Coll ...
... Effects of capital inflows, and particularly foreign direct investment (FDI), on domestic investment have been the subject of recent theoretical (e.g., Loungani and Razin (2001) and Razin and Sadka (2001)) and empirical literature (e.g., Borenzstein, de Gregorio, and Lee (1998) and Bosworth and Coll ...
Title: Why Foreign Aid may be More Effective at Promoting Economic
... democratic reform disadvantage, has not been brought to bear on the economics literature dealing with foreign aid effectiveness. Indeed, the former would be largely irrelevant to the latter if foreign aid affected economic growth only through the government spending channel. But to the extent that f ...
... democratic reform disadvantage, has not been brought to bear on the economics literature dealing with foreign aid effectiveness. Indeed, the former would be largely irrelevant to the latter if foreign aid affected economic growth only through the government spending channel. But to the extent that f ...
What Is GDP? - McGraw Hill Higher Education
... Discuss how our GDP compares to those of other nations. Calculate per capita GDP. List and explain the shortcomings of GDP as a measure of national economic well-being. Explain and analyze the Gross Progress Index and compare it to GDP. ...
... Discuss how our GDP compares to those of other nations. Calculate per capita GDP. List and explain the shortcomings of GDP as a measure of national economic well-being. Explain and analyze the Gross Progress Index and compare it to GDP. ...
Macroeconomic Policy Coordination in a Competitive Real
... down the growth of demand for non-tradables, it may soften the appreciation trend. Domestic demand management policies -which include monetary, fiscal and incomes policiescan be used to manage the pace of the demand for non-tradables. Given that under a competitive RER strategy exchange rate policy ...
... down the growth of demand for non-tradables, it may soften the appreciation trend. Domestic demand management policies -which include monetary, fiscal and incomes policiescan be used to manage the pace of the demand for non-tradables. Given that under a competitive RER strategy exchange rate policy ...
EY ITEM Club Special Report on Business Investment
... middle of 2015 there were an additional 2m people in work compared to the beginning of 2010, the largest absolute rise in employment over any equivalent period since records began. This means that the amount of capital per worker has not risen as rapidly as the investment numbers might imply. Meanwh ...
... middle of 2015 there were an additional 2m people in work compared to the beginning of 2010, the largest absolute rise in employment over any equivalent period since records began. This means that the amount of capital per worker has not risen as rapidly as the investment numbers might imply. Meanwh ...
Annex: Methodological Notes
... EU Member States and associated countries have launched ambitious policy reforms with the aim of making their R&I systems more efficient and more effective in line with the objectives of the European Research Area.5 Many of these reforms were initiated before the economic crisis, but have since bee ...
... EU Member States and associated countries have launched ambitious policy reforms with the aim of making their R&I systems more efficient and more effective in line with the objectives of the European Research Area.5 Many of these reforms were initiated before the economic crisis, but have since bee ...
Institutions, Policies, and Cross
... Cross-Country Differences in Growth • The following slide shows the growth of per person GDP during 1990-2007 for the countries with the best and worst growth records, along with the figures for high-income countries. • Except for Ireland, the ten fastest growing economies were LDCs at the beginnin ...
... Cross-Country Differences in Growth • The following slide shows the growth of per person GDP during 1990-2007 for the countries with the best and worst growth records, along with the figures for high-income countries. • Except for Ireland, the ten fastest growing economies were LDCs at the beginnin ...
Productivity Brief 2015
... deployed by the leading countries. The 1990s and 2000s was indeed a period of such rapid catch-up which was facilitated by both domestic reforms in some of the emerging economies such as China and India, increased globalization such as China’s entry into the World Trade Organization, and the rapid i ...
... deployed by the leading countries. The 1990s and 2000s was indeed a period of such rapid catch-up which was facilitated by both domestic reforms in some of the emerging economies such as China and India, increased globalization such as China’s entry into the World Trade Organization, and the rapid i ...
NBER WORKING PAPER SERIES SYSTEMIC RISKS AND THE MACROECONOMY Gianni De Nicolò
... risk (FSaR) is defined as the worst predicted realization of a system-wide financial risk indicator at 5 percent probability over a pre-determined forecasting horizon. The underlying joint dynamics of GDP growth and the system-wide financial risk indicator is modeled through a factor-augmented VAR ( ...
... risk (FSaR) is defined as the worst predicted realization of a system-wide financial risk indicator at 5 percent probability over a pre-determined forecasting horizon. The underlying joint dynamics of GDP growth and the system-wide financial risk indicator is modeled through a factor-augmented VAR ( ...
Financing the Millennium Development Goals: The Philippines
... rate of progress is adequate to bring about the achievement of said goals by 2015. In contrast, Table 1 shows that the rate of progress required to meet the MDG targets with respect to under-5 malnutrition rate, the per capita dietary energy requirement, elementary participation rate, the cohort sur ...
... rate of progress is adequate to bring about the achievement of said goals by 2015. In contrast, Table 1 shows that the rate of progress required to meet the MDG targets with respect to under-5 malnutrition rate, the per capita dietary energy requirement, elementary participation rate, the cohort sur ...
Economic growth
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Of more importance is the growth of the ratio of GDP to population (GDP per capita, which is also called per capita income). An increase in growth caused by more efficient use of inputs (such as physical capital, population, or territory) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use is called extensive growth.In economics, ""economic growth"" or ""economic growth theory"" typically refers to growth of potential output, i.e., production at ""full employment"". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic development process particularly in low-income countries.Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure.